U.S. led record year for corporate clean energy PPAs in 2018

New findings from BloombergNEF (BNEF) show “corporations globally bought a record amount of clean energy through power purchase agreements (PPAs) in 2018, shattering the previous record set in 2017,” nawindpower.com reports. BNEF’s “1H 2019 Corporate Energy Market Outlook” showed 121 corporations in 21 countries signed a combined 13.4 gigawatts (GW) of clean energy contracts, compared to 6.1 GW in 2017. “More than 60% of the global activity in 2018 occurred in the U.S., where companies signed PPAs to purchase 8.5 GW of clean energy, representing nearly triple the amount signed in 2017,” the article reports. For more, read the full article.

Environmental, Federal Updates, Renewable Energy